Question: When the consumption function ordinates MPT 0.2, MPS 0.3, MPI 0.5, and MPC 0.7 are plotted on a graph, what will their values reflect?Question 1
When the consumption function ordinates MPT 0.2, MPS 0.3, MPI 0.5, and MPC 0.7 are plotted on a graph, what will their values reflect?Question 1 options:A) flatter consumption function due to low marginal propensity to taxB) steeper consumption function due to low marginal propensity to saveC) flatter consumption function due to high marginal propensity to investD) steeper consumption function due to high marginal propensity to consume
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